coindesk.com
Turbos Finance, a decentralized exchange (DEX) built on the newly live layer 1 Sui blockchain, is now offering smart-routing for stablecoin swaps on the network, establishing multiple $USDC variant liquidity pools.
The launch will allow customers to seamlessly trade any variant of bridged $USDC assets wrapped by the Wormhole bridge against native Sui assets, the company said in a press release.
Currently, users have to wrap their $USDC on the source’s network in order to access the stablecoin on Sui. Wrapped tokens are used to move assets between blockchains that are incompatible with each other via a bridge.
Turbos is offering a smart routing system on Sui to offer multiple $USDC variant liquidity pools, the press release said. “This advancement unlocks the untapped potential of all $USDC variants on Sui, irrespective of their origin networks,” said the release.
Sui, the Aptos rival, has a $2 billion valuation and was founded by ex-Meta Platforms (META) employees. Sui has more than 200 projects in its directory and another 100-odd projects vying to build on its network.
According to DeFiLlama, Turbos is the second largest DEX built on Sui.